Free Trial

First Minister-I Accept Ruling On InfyRef2; Argues For Legal Changes

SCOTLAND

Scotland's First Minister Nicola Sturgeon delivering press conference following the UK Supreme Court judgement delivered earlier today, which ruled that the Scottish Parliament does not have the powers to hold a non-binding independence referendum without the approval of the UK Parliament in Westminster.

  • Livestream: https://www.youtube.com/watch?v=LwuTp8za5R8
  • Sturgeon: " I do respect and accept the judgement of the court...The routes we take must be lawful and democratic for independence to be achieved...Independence is not only desirable, it's essential...The court was not asked to decide whether there was a democratic mandate for a referendum"
  • Sturgeon states that the current devolution settlement is "inconsistent with any reasonable notion of Scottish democracy", and that the ruling "raises profound & deeply uncomfortable questions about the basis & future of the UK as a voluntary partnership of nations".
  • An independence referendum being granted under a Conservative gov't in Westminster remains a hugely unlikely prospect. The clearest route for a referendum is that the main opposition centre-left Labour Party falls short of a majority in the next election, and is reliant on pro-independence Scottish National Party (SNP) MPs to form a gov't. The price for the SNP would likely be a referendum.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.